At a Glance
- Tasks: Assist with coverholder applications and coordinate workflows for contract management.
- Company: Dynamic insurance firm with a focus on innovation and compliance.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Opportunity to work towards ACII qualifications and grow your career.
- Why this job: Gain valuable experience in the insurance industry while making a real impact.
- Qualifications: Strong attention to detail and excellent communication skills required.
The predicted salary is between 35000 - 45000 £ per year.
Key Accountabilities & Role Requirements
- To assist with Lloyd’s and Non-Lloyd’s coverholder applications (including Class of Business, Regional extensions, Branch office applications for Coverholders, Westfield Service Companies and CAA applications).
- Supporting the team with preparing information required for Due Diligence reviews.
- To co-ordinate workflows for Coverholder and Binder/Lineslip/Consortia Contract management including workflow processes and compliance reviews.
- Pro-actively co-ordinate and prepare Delegated Claims Administrator due diligence information for review.
- To review weekly workflow and carry out required Quality Assurance processes.
- To be a point of contact for Brokers, Coverholders, DCAs, Auditors and Underwriters for any queries, chasing for outstanding information when required.
- Follow up and escalation of open audit recommendations to ensure completion in line with agreed service levels.
- Assist on system testing and liaise with the IT and Business Change teams as and when required.
- Ad hoc tasks as required.
- Comply with all regulatory requirements for delegated underwriting and Westfield internal protocols and procedures.
- Attend market forums and workshops as and when required to stay abreast of ongoing regulatory and market changes.
Skills & Competencies Required
- Excellent attention to detail and a meticulous eye for identifying inconsistencies or inaccuracies in data entry or data outputs.
- Communication – ability to communicate well one-to-one and in small groups. Keeps others informed and updated, Ability to write clear, precise and well organised documents.
- Organisational Skills – ability to effectively prioritise, deliver on tasks and meet deadlines.
- Ability to act with due professional care, demonstrating sound integrity and confidentiality.
Qualifications & Experience
- Excellent administrative experience.
- Experience of working in a Lloyds environment advantageous.
- Good knowledge of Outlook, Word, Excel and Powerpoint.
- Experience of London market systems and processing desirable e. g. knowledge of Lloyd’s systems, including: ATLAS, DCOM, DAM, Wording Repository & Crystal.
- Education to at least A-level; degree preferable.
- Desire to work towards ACII qualifications.
This job description describes the general nature and level of work performed in this role.
It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc.
These may be subject to change and additional functions may be assigned as needed by management. #wspi
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Delegated Authority Analyst (FTC) employer: Westfield Insurance
As an Underwriting Assistant in Reinsurance, you will thrive in a dynamic and supportive environment that prioritises employee development and growth. Our company fosters a collaborative work culture where you can build meaningful relationships with brokers and clients while receiving comprehensive training to enhance your underwriting skills. Located in a vibrant area, we offer competitive benefits and a commitment to compliance and excellence, making us an exceptional employer for those seeking a rewarding career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Delegated Authority Analyst (FTC)
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Westfield Insurance.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Westfield Insurance might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Delegated Authority Analyst (FTC)
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Westfield Insurance will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Westfield Insurance. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Westfield Insurance confidence in your short-term commitment to the role.
How to prepare for a job interview at Westfield Insurance
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Westfield Insurance.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Westfield Insurance that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
